Deere & Company (DE)
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-04
$693.53-0.13%
Close 2026-09-04 · 1-day change
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-04
QuarterlyIQ Insights · DE
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Maintain and improve net income guidance for fiscal 2026, reflecting confidence in bottoming ag cycle and growth in key segments.
Stated as a priority in 6 of last 6 quarters. Net income guidance for fiscal 2026 improved from a range of $4.00-$4.75 billion in 2025-Q4 to $4.75-$5.00 billion in 2026-Q3. Actual net income for first nine months of 2026 was $3.808 billion. Management consistently emphasizes 2026 as the bottom of the ag equipment cycle, and the trajectory shows delivering on improved guidance.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 51% of the time over the next year (vs 60% for the rest of the cohort, n=9249).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Net income guidance improved to $4.75 billion to $5.00 billion.”
“Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.5 billion to $5.0 billion.”
“Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.5 billion to $5.0 billion.”
“Full-year 2026 earnings are projected to be between $4.00 billion and $4.75 billion.”
“Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.00 billion to $4.75 billion.”
“Net income attributable to Deere & Company for fiscal 2025 is forecasted to be in a range of $4.75 billion to $5.50 billion.”
Continue sustained investment in research and development to launch innovative products and solutions across all business segments.
Stated as a priority in 5 of last 6 quarters. R&D expenses totaled $1.704 billion in first nine months of 2026, reflecting sustained investment. Management consistently highlights innovation and advanced product launches as key to long-term growth. The trajectory shows ongoing commitment but no specific new product milestones disclosed.
“Investment in new products and technology supports long-term growth and value creation.”
“Investment in new products and technology supports long-term growth and value creation.”
“Sustained investment in research and development throughout the cycle is yielding measurable results.”
“Commitment to delivering value includes ongoing investment in advanced products, solutions, and manufacturing capabilities.”
“Sustained strategic investments to provide better outcomes for customers.”
Proactively manage inventory levels and align production with retail demand to respond swiftly to market shifts and customer needs.
Stated as a priority in 4 of last 6 quarters. Management emphasizes inventory management and aligning production with demand to navigate market challenges. While net sales and revenues declined in 2025 and early 2026, management reports proactive inventory control. The trajectory shows persistent focus with limited quantitative delivery metrics disclosed.
“Order book trends reinforce 2026 as the bottom of the ag equipment cycle.”
“Commitment to inventory management and cost control positions us to manage business effectively.”
“By proactively managing inventory, we’ve matched production to retail demand.”
“Focus on optimizing inventory levels of both new and used equipment amidst uncertain market conditions.”
Drive growth in Small Agriculture & Turf and Construction & Forestry segments through higher shipment volumes and favorable price realization.
Stated as a priority in 4 of last 6 quarters. Small Ag & Turf net sales increased from $7.767 billion in 2025-Q3 to $9.036 billion in 2026-Q3 (+16%), and Construction & Forestry net sales rose from $8.000 billion to $10.079 billion (+26%) over the same period. Management consistently highlights growth in these segments, and the financials show delivering growth in these areas.
“Small Ag & Turf sales increased 12%, Construction & Forestry sales increased 18%.”
“Small Ag & Turf sales increased 16%, Construction & Forestry sales increased 29%.”
“Positive recovery in demand within construction and small agriculture segments.”
“Expected growth in small agriculture & turf and construction & forestry.”
Ensure smooth CFO transition and maintain leadership continuity to support company strategy execution.
Stated as a priority in 2 of last 6 quarters. The CFO transition was announced in 2026-Q2 with Brent Norwood promoted to CFO. Management emphasizes leadership continuity as important for strategy execution. No financial metrics directly tied to this priority, so delivery is limited to the successful transition announcement.
“Leadership continuity emphasized with CFO transition.”
“T. Brent Norwood was promoted to Senior Vice President and Chief Financial Officer.”
Over the trailing year it converted 0.49x of net income into operating cash flow. Historically, Industrials names rated fragile grew net income 48% of the time over the next year (vs 59% for the rest of the cohort, n=4997).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
11 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=3431).
Not investment advice. As of 2026-09-04.